Gold ETFs Vs. Gold Mutual Funds: Gold ETF’s Are More Attractive
“In particular, gold ETFs that track mining companies have garnered lots of attention by outperforming bullion-backed ETFs like the SPDR Gold(GLD). With all the interest in gold miners, it’s important for investors to understand the differences between the mining ETFs. It’s also important for them to know that ETFs aren’t the only way to gain broad exposure to the sector,” Don Dion Reports From The Street.
“The latest addition to the gold miner ETFs is the Market Vectors Junior Gold Miners ETF(GDXJ). Its warm welcome from investors in its Wednesday debut underscores the market’s interest in gold miners of all sizes. In its first day of trading, more than 1.3 million shares of GDXJ crossed the tape. Market Vectors, which also created the Market Vectors Gold Miners ETF(GDX), may have another success story on its hands,” Dion Reports.
“ETFs are not the only way to access gold miners, however. As we first examined in early June, the Fidelity Select Gold (FSAGX) mutual fund offers access to many of the same firms in GDX’s portfolio,” Dion Reports.
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